Romania Market Opportunities
In 2020, there was a 3.9% decrease in GDP compared to 2019, and in nominal terms it was €222 billion. In the last quarter of 2020, Romania recorded the lowest quarterly GDP decline among European Union member states (-4.8%), which led, for example, the International Monetary Fund to upgrade Romania’s outlook for 2021. The Romanian government expects nominal GDP growth of 4.3% for 2021. Romania’s budget deficit increased by RON 12.26 billion (EUR 2.62 billion, i.e. 1.14% of annual GDP)…